REGISTERED NUMBER: 06854994 (England and Wales)

ADLINGTON LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Adlington

Mrs J C Adlington

REGISTERED OFFICE:

Pheasant Oak Farm

Hob Lane

Balsall Common

CV7 7GX

REGISTERED NUMBER:

06854994 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

132,063

157,050

Investments

6

-

20

132,063

157,070

CURRENT ASSETS

Stocks

117,364

118,472

Debtors

7

318,115

390,755

Cash at bank and in hand

150,588

81,955

586,067

591,182

CREDITORS

Amounts falling due within one year

8

395,731

436,329

NET CURRENT ASSETS

190,336

154,853

TOTAL ASSETS LESS CURRENT LIABILITIES

322,399

311,923

CREDITORS

Amounts falling due after more than one year

9

(2,190

)

(21,324

)

PROVISIONS FOR LIABILITIES

(32,471

)

(29,268

)

NET ASSETS

287,738

261,331

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

287,736

261,329

SHAREHOLDERS' FUNDS

287,738

261,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

R P Adlington - Director

1.	STATUTORY INFORMATION

Adlington Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognized when the products are delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

145,000

AMORTISATION

At 1 April 2024

and 31 March 2025

145,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

62,171

524,998

19,011

Disposals

-

-

-

At 31 March 2025

62,171

524,998

19,011

DEPRECIATION

At 1 April 2024

54,248

380,311

17,292

Charge for year

1,188

21,703

258

Eliminated on disposal

-

-

-

At 31 March 2025

55,436

402,014

17,550

NET BOOK VALUE

At 31 March 2025

6,735

122,984

1,461

At 31 March 2024

7,923

144,687

1,719

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

13,884

11,089

631,153

Disposals

(6,500

)

-

(6,500

)

At 31 March 2025

7,384

11,089

624,653

DEPRECIATION

At 1 April 2024

12,046

10,206

474,103

Charge for year

133

221

23,503

Eliminated on disposal

(5,016

)

-

(5,016

)

At 31 March 2025

7,163

10,427

492,590

NET BOOK VALUE

At 31 March 2025

221

662

132,063

At 31 March 2024

1,838

883

157,050

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

26,450

DEPRECIATION

At 1 April 2024

7,339

Charge for year

2,867

At 31 March 2025

10,206

NET BOOK VALUE

At 31 March 2025

16,244

At 31 March 2024

19,111

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

20

Impairments

(20

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

20

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

297,066

371,110

Amounts owed by associates

8,321

7,239

Other debtors

12,728

12,406

318,115

390,755

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,000

38,554

Hire purchase contracts (see note 10)

7,922

6,010

Trade creditors

313,547

355,483

Taxation and social security

41,722

15,752

Other creditors

22,540

20,530

395,731

436,329

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

2,190

12,423

Hire purchase contracts (see note 10)

-

8,901

2,190

21,324

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/25

31/3/24

£

£

Net obligations repayable:

Within one year

7,922

6,010

Between one and five years

-

8,901

7,922

14,911

Non-cancellable

operating leases

31/3/25

31/3/24

£

£

Within one year

64,896

66,463

Between one and five years

128,440

129,792

193,336

196,255

11.	OFF-BALANCE SHEET ARRANGEMENTS

National Westminster Bank Plc holds a fixed and floating charge over all the property or undertakings of the Company dated 20 May 2015.